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10 05, 2023

Funding Your Trust

By |2023-05-10T10:50:43-07:00May 10th, 2023|Legal Documents|0 Comments

Funding Your Trust Signing your trust is just the first step in creating a successful estate plan. The second step is funding your trust. This is the process of transferring assets into it. In this article, we will go over the basic steps of funding your trust. Personal Property Personal property includes clothing, furniture, [...]

15 02, 2023

When Is a Trust Involved in Probate?

By |2023-02-14T14:54:19-07:00February 15th, 2023|Legal Documents|0 Comments

When Is a Trust Involved in Probate? In general, a trust will help your estate to avoid probate. However, there are certain scenarios when probate may be required. In this article, we will consider one circumstance when a trust may be involved in probate. How a Trust Works When you create a trust, you [...]

1 08, 2022

Avoiding Guardianship

By |2022-08-01T13:42:40-07:00August 1st, 2022|Legal Documents|0 Comments

Avoiding Guardianship Avoiding guardianship is what most people hope to achieve in their lifetimes. A guardianship is someone who has been court appointed to care for the financial and health care interests of another person. Many people find themselves needing to file for guardianship to help care for an aging parent. Why does this happen [...]

20 01, 2022

Celebrity Estate Planning Mistakes-Part 4

By |2022-01-20T13:53:45-07:00January 20th, 2022|Legal Documents|0 Comments

Celebrity Estate Planning Mistakes Celebrity estate planning mistakes are entertaining, but they can also teach us valuable lessons. In the fourth installment of our celebrity estate planning mistakes series, we will examine the estates of Howard Hughes, Doris Duke, Aretha Franklin, Barry White, and Michael Crichton. Howard Hughes Died: April 5, 1976 Estimated Worth: [...]

18 08, 2021

Spousal Lifetime Asset Trust

By |2021-08-18T13:03:37-07:00August 18th, 2021|Legal Documents|0 Comments

Spousal Lifetime Asset Trust A spousal lifetime asset trust, or SLAT, is a type of irrevocable trust that is set up to reduce estate taxes. In this article, we will go over how a spousal lifetime asset trust works, the benefits one provides, and information you should consider before you create one. Purpose A [...]

15 01, 2021

Testamentary Trusts

By |2021-08-25T02:15:06-07:00January 15th, 2021|Legal Documents|0 Comments

Testamentary Trusts Testamentary trusts are a type of trust that is created through your Will after you pass away. In this article, we will go over what a testamentary trust is and how it works. The Basics Testamentary trusts are trusts set up by your Last Will and Testament. Your Will instructs your executor [...]

2 09, 2020

Celebrity Estate Planning Mistakes-Part 3

By |2022-11-10T14:32:17-07:00September 2nd, 2020|Legal Documents|0 Comments

Celebrity Estate Planning Mistakes This is the third installment in our celebrity estate planning mistakes series. In this article, we will go over the mistakes Princess Diana, Florence Griffith Joyner, Jimi Hendrix, Jenni Rivera, and Michael Jackson made. We can all learn from their mistakes and protect our families. Princess Diana Died: August 31, [...]

29 07, 2020

Duties of Being a Successor Trustee

By |2022-11-10T14:31:08-07:00July 29th, 2020|Legal Documents|0 Comments

Duties of Being a Successor Trustee The duties of being a successor trustee will vary from trust to trust. But your role does not come into effect until the initial trustee becomes incapacitated or is deceased. In this article, we will go over some of the duties of being a successor trustee to give [...]

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